2,500 Shares in Lightspeed Commerce Inc. (NYSE:LSPD) Purchased by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. purchased a new stake in Lightspeed Commerce Inc. (NYSE:LSPD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,500 shares of the company’s stock, valued at approximately $35,000.

Other hedge funds have also recently bought and sold shares of the company. Artisan Partners Limited Partnership boosted its position in Lightspeed Commerce by 13.4% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,297,686 shares of the company’s stock valued at $111,232,000 after buying an additional 627,796 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Lightspeed Commerce by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 5,037,088 shares of the company’s stock valued at $105,728,000 after acquiring an additional 98,587 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Lightspeed Commerce by 19.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,674,070 shares of the company’s stock valued at $37,517,000 after acquiring an additional 427,320 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lightspeed Commerce by 14.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,965,996 shares of the company’s stock worth $41,267,000 after acquiring an additional 246,741 shares during the last quarter. Finally, Azora Capital LP increased its holdings in Lightspeed Commerce by 133.1% in the 4th quarter. Azora Capital LP now owns 1,579,312 shares of the company’s stock worth $33,166,000 after purchasing an additional 901,861 shares in the last quarter. 68.68% of the stock is currently owned by institutional investors and hedge funds.

Lightspeed Commerce Stock Performance

LSPD stock traded down $0.21 during mid-day trading on Tuesday, reaching $13.73. 566,972 shares of the stock traded hands, compared to its average volume of 1,264,286. Lightspeed Commerce Inc. has a one year low of $12.23 and a one year high of $21.71. The company has a current ratio of 6.34, a quick ratio of 6.23 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $14.12 and a two-hundred day moving average price of $15.34.

Lightspeed Commerce (NYSE:LSPD) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.16. The firm had revenue of $230.22 million during the quarter, compared to analysts’ expectations of $224.08 million. Lightspeed Commerce had a negative net margin of 18.03% and a negative return on equity of 2.02%. As a group, analysts forecast that Lightspeed Commerce Inc. will post -0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LSPD has been the subject of several recent research reports. BMO Capital Markets upped their price target on shares of Lightspeed Commerce from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. UBS Group upped their price objective on shares of Lightspeed Commerce from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. TD Securities increased their price target on Lightspeed Commerce from $14.00 to $16.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Scotiabank boosted their price target on shares of Lightspeed Commerce from $20.00 to $21.00 and gave the stock a “sector outperform” rating in a report on Friday, May 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $21.00 target price on shares of Lightspeed Commerce in a report on Wednesday, May 29th. Twelve equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lightspeed Commerce currently has an average rating of “Hold” and an average price target of $18.78.

About Lightspeed Commerce

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.